Hollywood cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHollywoodSouth CarolinaNational
Cost of living index11297100
IndexHollywoodSouth CarolinaNational
Goods & Services index106105100
Groceries index104105100
Health care index103101100
Housing index12580100
Transportation index9396100
Utilities index124107100
The above illustration supplies generalized information for the Hollywood, SC cost of living index. Compared to other cities in South Carolina and cities across the country, the cost of living index in Hollywood, SC is 112, which is 15% higher than the South Carolina average and 12% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Hollywood, SC are equal to the average for South Carolina and 6% higher than the rest of the country.

Did you know?

  • The cost of living in Hollywood is 15% higher than the South Carolina average.
  • The cost of living in Hollywood is 12% higher than the national average.
  • The cost of housing in Hollywood is 25% higher than the national average.
  • South Carolina general sales tax is 18% higher than the national average.
  • South Carolina state income tax is 100% lower than the national average.

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Compare Hollywood, SC Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Hollywood, SC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Hollywood, SC, then you would need to earn more income in order to maintain the same standard of living. To use the Hollywood, SC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,812$5,484$1,536$1,975
Renters$31,250$2,604$729$938
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Hollywood, SC, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Hollywood, SC homeowners have a median income of $65,812. Using that number, you will come up with a maximum of $1,536 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,250, which means there is a maximum of $729 to be spent on the costs of renting a home or apartment.

South Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
South Carolina6%9%

South Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
South Carolina0%7%
The South Carolina sales tax and South Carolina income tax rates should definitely be considered when determining the overall cost of living in Hollywood, SC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The South Carolina sales tax is 6% and the maximum surtax is 9%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The South Carolina income tax rates range from 0% to 7%.

Goods & Services

ItemHollywoodNational avg.Difference
Haircut $14.39$15.567.5%
Beauty Salon $41.03$36.1113.6%
Toothpaste $2.98$2.4720.5%
Shampoo $1.01$0.964.3%
Movie $7.73$10.1323.6%
Bowling $4.51$4.744.7%

Groceries

ItemHollywoodNational avg.Difference
Ground Beef $3.88$3.982.6%
Fried Chicken $1.34$1.415.0%
Milk $1.94$2.066.0%
Potatoes $3.45$2.9815.8%
Pizza $8.91$9.475.9%
Beer $8.81$8.790.2%

Health Care

ItemHollywoodNational avg.Difference
Optometrist $108.98$101.047.9%
Doctor $109.17$107.441.6%
Dentist $93.58$90.423.5%
Ibuprofen $9.97$9.287.4%
Lipitor $427.27$426.500.2%

Housing

ItemHollywoodNational avg.Difference
Home Price $219,500.00$175,700.0024.9%
Avg. Mortgage Payment $990.27$1,133.2312.6%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemHollywoodNational avg.Difference
Gasoline $1.89$1.995.1%
Tire Balancing $40.74$45.7611.0%

Utilities

ItemHollywoodNational avg.Difference
All Electricity$251.74$163.8153.7%
Phone $24.09$28.3915.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Jacksonboro, SC49389-11%
Cottageville, SC91392-8%
Ravenel, SC2,52596-4%
Hanahan, SC18,9991055%
Rockville, SC18712323%
Hollywood, SC4,83111212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Basehor, KS4,8311011%
Marseilles, IL4,83287-13%
Winona, MS4,83277-23%
Rockport, MA4,83215656%
Blaine, WA4,82911717%
Hollywood, SC4,83111212%
Source: The Hollywood, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.